Sep 10, 2024 | Markets
Ally Financial Inc. fell after Chief Financial Officer Russ Hutchinson highlighted intensifying credit deterioration among its borrowers and said the auto-lender may experience some underperformance. Borrowers have shown signs of vulnerability throughout the year and...
Sep 10, 2024 | Markets
Equity derivatives strategist recommends buying tail hedges “I am tactically bearish for the next two months,” Cheong said UBS AG’s top strategist for US equity derivatives said she’s expecting the S&P 500 to fall at least 10% from its peak within a month. “I am...
Sep 9, 2024 | Markets
Prices seen as falling through 2025 as wages, demand languish Long-term deflation could be major setback to China’s economy Deflation stalking China since last year is now showing signs of spiraling, threatening to worsen the outlook for the world’s second-largest...
Sep 9, 2024 | Markets
Net credit losses rise in bank’s consumer credit-card business Mason sees investment-banking fees up 20% in the third quarter Credit losses are rising as US consumers shift spending to basic needs and away from purchases that aren’t vital, according to Citigroup...
Sep 9, 2024 | Markets
ARKK dethroned as biggest thematic fund, ceding spot to PAVE Issuers have launched a number of industrials ETFs this year Wall Street traders may be going all-in on futuristic technologies this year, but one old-school bet on the economy is still flourishing in the...
